Millet-based snack brand Troo Good has reportedly raised Rs 72 crore in a new funds round led by Oaks Asset Management, along with Puro Wellness and V Ocean Investments. The company’s board of directors approved the issuance of 10,176 shares to secure the funds, as revealed in regulatory documents accessed by Entrackr. Who invested how … Read more
Digital healthcare platform MediBuddy has announced the appointment of Nijil George as senior vice president and chief operating officer. The move is part of MediBuddy’s ongoing efforts to strengthen its leadership team, as the company focuses on expanding its reach in the healthcare sector. Nijil George brings more than 21 years of operations experience and … Read more
Mumbai-based digital media company Rediff.com has appointed Vishal Mehta as its new Chairman and Managing Director (CMD). The appointment comes after specializing in financial technology. Infibeam Avenues announced the acquisition of Rediff.com India Ltd. Mehta will succeed Ajit Balakrishnan, who founded the company in 1996. Rediff’s board of directors made the decision, marking a new … Read more
Raise Financial Services, a Mumbai-based stock broking startup, running the trading app All has reported gross revenue of Rs 380 crore in fiscal 2024, up 600% from Rs 54.2 crore a year earlier, according to a note the company shared with its shareholders. ET has seen a copy of the note. The startup founded in … Read more
Ahmedabad-based coworking space provider DevX, also known as Dev Accelerator Ltd, has filed its draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The company is gearing up for an Initial Public Offering (IPO) consisting solely of a fresh issue of 2.47 crore shares. These shares will be listed on … Read more
One 97 Communications (OCL), which runs digital payments platform Paytm, saw its overall employee costs grow 21% to Rs 4,589 crore in 202-24 from Rs 3,788 crore in FY23, amid regulatory clampdown in its associated entity. Paytm Payments Bank and slowdown in your overall business. OCL increased the remuneration of its CEO and group CFO … Read more
Gurugram-based mental health platform Lissun has raised $2.5 million in a pre-Series A funds round led by RPSG Capital Ventures. New investors Multiply Ventures and Atrium Angels participated in the round, as did existing investors Ivycap Ventures, Rainmatter and Sucseed Ventures. Before this round, the startup raised 1.3 million dollars in a seed funding round … Read more
Gurugram-based early-stage venture capital firm Titan Capital has launched a new index called ‘Indicorns’, a first-of-its-kind index of India’s most profitable startups, breaking the conventional unicorn narrative. Unlike the traditional focus on unicorns and valuations, ‘Indicorns’ highlights startups that have not only crossed Rs 100 crore in revenue but have also achieved profitability, reflecting sustainable … Read more
Chennai-based agri supply chain startup Waycool has reportedly raised Rs 100 crore (approximately $12 million) in debt funds from Great Anicut. According to documents filed with the Registrar of Companies, Waycool’s board of directors approved a capital infusion through 1,000 Series B6 debentures at an issue price of Rs 10 lakh each to raise Rs … Read more
Ride-sharing giant Uber has announced a strategic partnership with Shadowfaxa Bengaluru-based logistics services provider, to strengthen its UberMoto bike taxi services. By leveraging Shadowfax’s large fleet of over 200,000 two-wheelers, the partnership will enhance UberMoto’s service by increasing its pool of drivers and expanding its reach to more cities across India. Uber aims to offer … Read more
